Ryder System, Inc. (NYSE:R) Stock Holdings Lessened by New York State Teachers Retirement System

New York State Teachers Retirement System lessened its holdings in shares of Ryder System, Inc. (NYSE:R) by 0.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 60,073 shares of the transportation company’s stock after selling 489 shares during the quarter. New York State Teachers Retirement System’s holdings in Ryder System were worth $6,912,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of R. CWM LLC boosted its holdings in shares of Ryder System by 33.9% during the third quarter. CWM LLC now owns 438 shares of the transportation company’s stock valued at $47,000 after acquiring an additional 111 shares during the period. Quent Capital LLC boosted its stake in Ryder System by 17.7% during the 4th quarter. Quent Capital LLC now owns 745 shares of the transportation company’s stock valued at $86,000 after purchasing an additional 112 shares during the period. Buckley Wealth Management LLC boosted its stake in Ryder System by 1.1% during the 3rd quarter. Buckley Wealth Management LLC now owns 11,135 shares of the transportation company’s stock valued at $1,191,000 after purchasing an additional 120 shares during the period. Thrivent Financial for Lutherans grew its position in Ryder System by 1.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 13,644 shares of the transportation company’s stock worth $1,030,000 after purchasing an additional 140 shares during the last quarter. Finally, Eqis Capital Management Inc. increased its stake in shares of Ryder System by 3.2% in the first quarter. Eqis Capital Management Inc. now owns 4,854 shares of the transportation company’s stock valued at $385,000 after purchasing an additional 150 shares during the period. Institutional investors and hedge funds own 87.47% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the company. Stephens raised their target price on Ryder System from $110.00 to $113.00 and gave the company an “equal weight” rating in a research report on Thursday, February 15th. Wells Fargo & Company raised their price target on Ryder System from $100.00 to $120.00 and gave the company an “equal weight” rating in a report on Thursday, February 15th. The Goldman Sachs Group restated a “buy” rating and set a $122.00 price objective on shares of Ryder System in a research note on Thursday, February 15th. Vertical Research lowered shares of Ryder System from a “buy” rating to a “hold” rating and set a $120.00 target price for the company. in a research report on Wednesday, January 10th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Ryder System from $117.00 to $120.00 and gave the stock a “neutral” rating in a research report on Thursday, February 15th. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $120.00.

Ryder System Price Performance

Shares of NYSE R opened at $114.88 on Friday. The firm has a 50-day moving average of $115.02 and a two-hundred day moving average of $110.08. The company has a market capitalization of $5.08 billion, a price-to-earnings ratio of 13.16 and a beta of 1.40. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 1.80. Ryder System, Inc. has a twelve month low of $76.15 and a twelve month high of $121.58.

Ryder System (NYSE:R) last released its earnings results on Wednesday, February 14th. The transportation company reported $2.95 EPS for the quarter, beating the consensus estimate of $2.75 by $0.20. The business had revenue of $3.02 billion during the quarter, compared to analyst estimates of $2.98 billion. Ryder System had a net margin of 3.45% and a return on equity of 19.68%. The business’s quarterly revenue was down 2.1% on a year-over-year basis. During the same period in the prior year, the business earned $3.89 earnings per share. As a group, analysts expect that Ryder System, Inc. will post 11.9 earnings per share for the current fiscal year.

Ryder System Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, February 20th were issued a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date was Friday, February 16th. Ryder System’s payout ratio is 32.53%.

Insider Transactions at Ryder System

In other Ryder System news, CMO Karen M. Jones sold 7,737 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $113.48, for a total value of $877,994.76. Following the completion of the transaction, the chief marketing officer now directly owns 12,396 shares in the company, valued at $1,406,698.08. The sale was disclosed in a filing with the SEC, which is accessible through this link. 5.10% of the stock is owned by insiders.

Ryder System Profile

Ryder System, Inc operates as a logistics and transportation company worldwide. It operates through three segments: Fleet Management Solutions (FMS), Supply Chain Solutions (SCS), and Dedicated Transportation Solutions (DTS). The FMS segment offers full-service leasing and leasing with flexible maintenance options; commercial vehicle rental services; and contract or transactional maintenance services of trucks, tractors, and trailers; access to diesel fuel; and fuel planning and tax reporting, cards, and monitoring services, and centralized billing, as well as sells used vehicles through its retail sales centers and www.ryder.com/used-trucks website, as well as digital and technology support services.